China

Consumer preference for quality pet food hasn’t diminished despite inflation

Consumer preference for quality pet food hasn’t diminished despite inflation

A recent survey reveals that while most pet parents felt the inflationary hike, only 1 in 6 switched to cheaper brands. The rest continued to prioritize quality, nutrition and health benefits over price.

Trends & Insights
6 Feb 2024
US government funds projects to leverage the pet industry across international markets

US government funds projects to leverage the pet industry across international markets

The American Feed Industry Association (AFIA) and the Pet Food Institute (PFI) received a capital injection of $1.5 million.

Global Pet Industry
24 Jan 2024
Taiwanese pet parents splurge $900 on pets annually

Taiwanese pet parents splurge $900 on pets annually

Most of their budget goes to food, medication and grooming services.

Trends & Insights
15 Jan 2024
Super Design inaugurates new facility

Super Design inaugurates new facility

The Chinese pet accessory manufacturer wants to improve efficiency and capacity through its new solar-powered plant.

News
22 Nov 2023
i-Tail’s sales drop 35% in Q3: forecasts upward trend in Q4

i-Tail’s sales drop 35% in Q3: forecasts upward trend in Q4

The subsidiary of tuna multinational Thai Union acknowledges the impact caused by the softened demand from customers in Southeast Asia.

Global Pet Industry
14 Nov 2023
H&H Group’s pet portfolio jumps 30% in the year to date

H&H Group’s pet portfolio jumps 30% in the year to date

The owner of pet supplement brands Zesty Paws and Solid Gold highlights the “significant success” of the business in mainland China.

Pet Care
2 Nov 2023
Tech corporations entering the Chinese pet market

Tech corporations entering the Chinese pet market

Following a surge of pet tech products in the Asian country, GlobalPETS rounds up the multinationals capitalizing on pet parents’ pet care and wellness needs.

Trends & Insights
27 Oct 2023
Deflation in the pet category (Part 1): China

Deflation in the pet category (Part 1): China

Decreasing demand allowed prices to drop in China benefitting pet consumers, but what are the long term impacts of deflation?

Global Pet Industry
4 Oct 2023
Could China’s pet food industry hit $33 billion by 2025?

Could China’s pet food industry hit $33 billion by 2025?

It is believed that the number of pet food manufacturers in the Asian country tripled in the past 5 years.

Global Pet Industry
21 Sep 2023
New report paints a picture of the US pet food industry

New report paints a picture of the US pet food industry

Exports of pet products are increasing by 20% year-on-year. These are the details.

Pet Food
14 Sep 2023
Is Gambol Pet the largest public pet company in China?

Is Gambol Pet the largest public pet company in China?

Worth $2.7 billion, the Liaocheng-based pet food company was successfully listed on the Shenzhen Stock Exchange in mid-August.

Pet Food
7 Sep 2023
Jebsen Group: 2 pet-related acquisitions this year (so far)

Jebsen Group: 2 pet-related acquisitions this year (so far)

The investment firm has recently acquired Hong Kong online retailer Vetopia.

Retail, Online & DTC
6 Sep 2023
Promising markets in the world of wet pet food

Promising markets in the world of wet pet food

Although the wet pet food category has suffered from the trading-down trend among consumers, it still has potential. These are the markets to watch.

Pet Food
1 Sep 2023
Symrise: overall decline, pet food segment records growth

Symrise: overall decline, pet food segment records growth

The German firm hopes to “strategically strengthen” its pet food portfolio in the near future.

Global Pet Industry
8 Aug 2023
The post-Black Sea grain era

The post-Black Sea grain era

Players are seeking alternative transport routes, but fearing a price increase in the near future.

Ingredients
3 Aug 2023
i-Tail’s pet treat sales drop by over half

i-Tail’s pet treat sales drop by over half

We dive into the details of why the Bangkok-based manufacturer posted a drop of 40% in revenue in Q2 2023.

Global Pet Industry
2 Aug 2023
Pet food suffers the biggest price hike across Nestlé’s businesses

Pet food suffers the biggest price hike across Nestlé’s businesses

The category sees 9% revenue growth in the first half of 2023. 

Pet Food
28 Jul 2023
Joint venture to revolutionize virtual pet entertainment

Joint venture to revolutionize virtual pet entertainment

Hong Kong investment company and virtual pet entertainment innovator announced a strategic partnership.

Global Pet Industry
19 Jul 2023
Analysis: High inflation continues impacting pet supplies

Analysis: High inflation continues impacting pet supplies

Europe takes the lead in the biggest price increases in the first months of 2023.

Trends & Insights
5 Jul 2023
More stories